Monday, December 15, 2008

This write up of Gold Bullion Securities Limited explains who Gold Bullion Securities Limited are and the gold product they deal in. It is well worth reading before you make any decisions about investment from the information on their website www.goldbullion.com.au.

It is always a good idea to do some due diligence before dealing with any gold dealer or dealer in securities, and find out as much about them as possible.Who are Gold Bullion Securities LimitedGold Bullion Securities Limited is the issuer of Gold Bullion Securities (Ticker GBS) on the Australian Stock Exchange. The company is two thirds owned by the World Gold Council and one third by IRL Holdings Ltd. IRL (Holdings) Limited are an Offshore Incorporation Limited in ROAD TOWN, Tortola VIRGIN ISLANDS. IRL means Investor Resources Limited and is the registrant of the Gold Bullion Securities with Gold Bullion Securities Director Graham Tuckwell listed as the registrant contact. The World Gold Council (WGC), is a commercially-driven marketing organisation funded by the world’s leading gold mining companies. It is a global advocate for gold and aims to promote the demand for gold in all its forms through marketing activities in major international markets. For further information visit www.gold.org. The directors of Gold Bullion Securities Limited are, as mentioned, Graham Tuckwell, as well as Dr Vince FitzGerald and Simon Village. The official address is the Share Registry, Link Market Services Limited, Level 12, 680 George Street, Sydney, NSW 2000, Australia. The website is recorded in the wayback machine as first being registered in early 2003.What Does Gold Bullion Securities Limited DoGold Bullion Securities Limited is designed to offer Australian investors easy access to the gold market in Gold Bullion Securities traded on the Australian Stock Exchange under the symbol GOLD, and becoming beneficial owners of the gold backing each share. This securitisation of gold bullion overcomes a number of issues that have proved to be barriers to accessing gold’s unique qualities. It is meant for Australian and certain exempt investors* only.

Gold Bullion Securities (GBS) can be bought through most regulated broker dealers and market makers. A list of these can be found on the website.

Also available is a gold bar count as conducted by the Inspectorate International Limited for Gold Bullion Securities Australia.

How Does It WorkInvestors can now able to purchase gold backed products through traditional brokerage accounts. This allows gold to be mixed with traditional asset classes such as stocks and bonds in an investment portfolio. The underlying liquidity will be determined by the 24 hour global Over-the-Counter (OTC) market gold market. The Gold Bullion Security (GBS) is an exchange traded security (share or note) of nominal value which carries with it an entitlement to approximately 1/10th of one fine troy ounce of gold bullion. For each GBS on issue there is a corresponding amount of gold held in trust.

The exact structure of GBS to which the gold is attached may vary between markets of course depending on the structure of the market, tax and specific security regulations. In Australia, for example the gold is attached to a redeemable preference share, whereas in the UK, the gold is attached to a Note instead.

The securities are backed by 400 ounce London good delivery gold bars. The Net Asset Value is calculated daily, and posted on the web site under Financial Information. The gold bars themselves, can be seen on the Gold Bar Holdings page.

Premiums/Discounts Should be Limited – The ongoing ability of Market Makers to create and redeem securities (by exchanging gold for GBS and vice versa) should limit potential premiums and discounts Low Counter-party Risk. The Trust’s gold is held in the form of individually identified bars in an allocated account with a Custodian which holds the gold bars on trust for investors. The Trustee may not trade, lease or lend the gold bars.

Storage is covered by the Custodian, HSBC or subcustodian while the gold is insured under HSBC Group’s insurance policy. These expenses are covered by the monthly fee.

Investors are always advised to read the prospectus, which can be downloaded from the www.goldbullion.com.au website in consultation with their financial advisor before making any decisions to buy or sell any GBS.

Allocated AccountsAll gold bullion held at the Custodian Bank for GBS investors on trust, is held in the form of Allocated Gold.

All the Allocated Accounts are held by the Custodian or subcustodian in the trustee’s name and consist of uniquely identifiable bars of gold "allocated" to the trustee and beneficially belonging to the investor. The gold held in the account is also physically segregated from other metal held in the vault. Metal in an allocated account does not form part of the Custodian’s assets. Allocated gold is not lent out and does not involve any derivatives. It is not used for any other purpose in fact than as gold held in trust on behalf of the investor.

All allocated gold is kept in the form of Allocated London Good Delivery bars (c. 400oz). The Custodian bank, the HSBC, holds the gold in its vault, or in vaults of its sub-custodians (sub-custodians might be banks which the HSBC uses to store gold and other precious metals). The details of each gold bar in the Trust is regularly updated on the web-site www.goldbullion.com.au

Unallocated AccountsMost gold traded in the London market, however, is traded and settled in an unallocated form. Gold held in this form does not confer on the investor any interest in the underlying gold and the investor only ranks as an unsecured creditor. Unallocated gold may be lent out to third parties. It is always advisable to have allocated gold and not unallocated gold for this reason.

How to Buy and Sell GOLDBuying and selling Gold this way is pretty simple. There is no minimum or maximum transaction size, but keep in mind the brokerage fees when buying and selling. This can affect the minimum transaction size as, for a broker, it is basically the same amount of work involved regardless of the size of the transaction.

Buying is generally done through registered stockbrokers and dealers. Securities houses and other market professionals, approved by Gold Bullion Securities Limited, can create new GOLD by depositing gold in the Trust

Basically there are two ways to buy GOLD. Buy GBS on the ASX via normal broking channels (on the secondary market). GBS trades like any other ASX-listed security or through a Market Maker. This is only available to institutional investors, who should consult the Prospectus for details.

Selling GOLD is done through registered brokers and dealers also. The same rules apply when it comes to brokers fees of course. All GOLD holders are entitled to redeem for cash (through the London AM fix) and securities houses and banks which trade in OTC gold and have access to a local London bullion account may redeem for gold. You can, then, sell GBS on the ASX via normal broking channels, or to a Market Maker. This is only available to institutional investors. However you can also redeem GBS by completing a Redemption Form. This method of sale is available to anyone. Keep in mind that a flat fee of A$1,000 is charged for a redemption so you would only want to be redeeming a reasonable quantity.

Costs and FeesThere is a management fee of 0.40% p.a. accrued daily and debited in gold against Trust assets monthly and brokerage charges are likely to apply on ASX trades in GOLD

Creation and redemption Can be made by institutions holding an Australian Financial Services Licence. The minimum creation in this case is A$500,000. Redemptions are accepted for part or whole of Gold Bullion Securities held. Other investors can buy and sell Gold Bullion Securities on the Australian Stock Exchange

Flat fees of A$750 per creation and as previously mentioned, A$1,000 per redemption. It should be noted, however, that these fees are only applicable to purchases and sales effected via creations and redemptions. They do not apply when trading on the ASX.

Last Words on Gold Bullion Securities LimitedIf you have any issues on Gold Bullion Securities Limited, you should contact them through their contacts page. Anything you feel we should know about Gold Bullion Securities Limited or you think may be of interest to us, please go to the goldprice.org feedback page and feel free to leave your feedback on the quality of service and products including any Gold www.goldbullion.com.au online complaints and special attention or service given by www.goldbullion.com.au.

*Exempt investors means investors to which offers of securities are permitted to be made (in the place where the investor is located) without the need for a registered offer document such as a prospectus (for example institutional investors and holders of financial services licences).

Tuesday, June 10, 2008

This write up of Ainslie Billion explains who Ainslie Billion are and what they deal in and is well worth reading before you decide to buy gold and silver from their website, www.ainsliebullion.com.au

In all transactions with gold or other precious metal with any gold dealer, it is always a wise thing to do your own due diligence and find out as much about them as possible.

Who are Ainslie BullionAinslie Bullion are a 33 year old Australian bullion company. They began trading as the Australian Bullion Company in 1974, making them the oldest bullion company in Queensland. In 1990 they changed our name to Ainslie Bullion Company and in the early part of 2005 went on line with their website www.ainsliebullion.com.au.

As well as the usual gold and silver bullion, Ainslie Bullion also stock a wide variety of gold and silver coins including the full range offered by the Perth Mint.

"Our Purpose:To provide optimal service and to exceed the expectation of our clients

Our Philosophy:Hold ourselves committed and accountable in the pursuit of client satisfaction. Offer and provide genuine value for money. Acknowledge the loyalty of our clients and deal with them promptly, honestly, professionally in a friendly manner."

They offer same day delivery for city clients and next day delivery for country clients.

The Ainslie Bullion Company offer free storage facilities for storing clients gold and silver bullion. The gold is stored in the Westpac Vault at 260 Queen Street, Brisbane, Australia.

Ainslie Bullion Company welcomes buy-backs, and offers a competitive price on buying back gold and silver. Buy-backs are processed in much the same way as sales, either personally or by telephone order. For telephone buy-backs, the price will be discussed and fixed with shipping arranged at the time of the call. Funds are credited to your nominated bank account once the gold or silver is received by Ainslie Bullion

Ainslie Bullion ProductsThe Ainslie Bullion Company supply the following products:

Some coins, if sold in Australia, will incur a Goods and Services Tax. You should check with Ainslie Bullion for details.

How to Buy Ainslie Bullion ProductsFirstly you will need to open an account with Ainslie Bullion. This will require providing your name, address, contact phone number and verifiable identification. You will then get an Account number and can then buy gold or silver over the telephone or by visiting Ainslie Bullion in person.

All funds must be cleared in Ainslie Bullion's bank account before any gold or silver is shipped. Fabrication and freight will be charged if you decide to take physical delivery of your gold and silver held in a pool account.

The Ainslie Bullion Company will issue you with a holding for each transaction you do via their gold and silver pool accounts.

Ainslie Bullion Company Pricing Policy and Payment OptionsAinslie Bullion also point out that, should you receive a quote for a sale or a purchase that is even more competitive than that from Ainslie Bullion Company, they would welcome the opportunity to either meet or better that quote.

Ainslie Bullion accept callers at their office at Queen Street, Brisbane (next door to the GPO), any time between 9.00am and 4.00pm, five days a week, for an over-the-counter sale, and they will quote an up to the minute price in line with the daily market silver and gold prices.

Payment can be made either by cash, bank cheque, personal cheque, telegraphic transfer or direct credit using internet banking. In the case of personal or bank cheques, please allow 3 working days for clearance, before delivery.

If you are outside of Brisbane or interstate then you can use their telephone service or internet inquiries service to place your order. The order will be placed in your name and held for you free of charge, until you have time to collect it. Alternatively, for a small charge (which includes insurance) your order can be shipped directly to you. Payment must be received on the same day of purchase, either by telegraphic transfer or cash into their bank account.

Ainslie Bullion Gold and Silver Pool Account ServicesThe Ainslie Bullion Company also offer Pool Accounts. These are also referred to as unallocated storage accounts in which a precious metal account is set up for a client but the client does not have title to specific (allocated) bars or coins. The client instead owns a defined unsegmented interest in a pool of precious metals held by Ainslie Bullion. However, the client can receive physical bullion in the form of any type bar or coin normally carried by Ainslie Bullion upon payment of quoted fabrication charges.

More information about pooled accounts is available on goldprice.org. Pool Accounts allow you to buy gold without taking delivery as your gold and silver is held in trust by Ainslie Bullion. There are no safety deposit fees or monthly depository charges. There are also no premiums, bar charges, shipping, or insurance unless, of course, you're ready to receive physical bullion products in exchange.Cost of Gold at Ainslie BullionDue to the volatility of gold and silver with the value changing on a daily basis, Ainslie Bullion Company issue a Daily Price List. The price of gold and silver for the day is set each morning and posted as a PDF file on their website.

You can ring and discuss the price with them if you feel you can do a better deal or have found a better price elsewhere.

The Last Word on Ainslie BullionTrading in Metal Accounts is another facility available from the Ainslie Bullion Company. This has recently become a popular activity with many people due to the keen prices offered. Savings are achieved this way because the metal is usually not fabricated or delivered. All holdings are insured in full of course.

If you have bought any gold coins or gold bullion from www.ainsliebullion.com.au, please feel free to leave your feedback on the quality of service and products including any www.ainsliebullion.com.au online complaints and special attention or service given by www.ainsliebullion.com.au online.

Monday, June 9, 2008

This write up of the Gold and Silver Bullion Australia explains who Gold and Silver Bullion Australia are and the gold and silver products they deal in. It is well worth reading before you buy gold from their website, www.goldbullionaustralia.com.au

It is always prudent to do your own due diligence before dealing with any gold dealer, and find out as much about them as possible.

Who are Gold and Silver Bullion AustraliaGold and Silver Bullion Australian Pty Ltd, formerly trading as Bullion Gold and Silver Exchange has been established since 1980 under the direction of Mr Edwin Slabbert, a highly respected bullion dealer with over 35 years of experience in the bullion and jewellery industry. So they have been in business at least 27 years. Their current principal, Lisa Casagrande, a prior well known women's soccer star and past member of the Olympic Committee, studied extensively under the direction of Mr Edwin Slabbert, and has previously operated two successful businesses.

Gold and Silver Bullion Australia operate from a shop on the Gold Coast, Queensland, Australia and are open from 9am to 5pm Monday to Saturday. Being able to buy gold and silver bullion on a Saturday is very convenient.

All transactions are done on a personal basis and to buy gold and silver you will have to fill out the inquiry form on the contact page and then go from there. There is no specific form provided to open an account. To begin transacting you will need to provide ID much as you would when opening a new bank account.

Once you have made contact you can expect to get a response within 24 hours or 48 at the latest.

Buy Gold from Gold and Silver Bullion AustraliaAlthough they do not have a specific list on their website, www.goldbullionaustralia.com.au, Gold and Silver Bullion Australia offer the following products.

Gold Bars, Ingots Australian Gold Coins as produced by the Australian mint and the Perth Mint. Also Gold bullion coins such as Krugerrands and other overseas gold coins including Gold Chinese Pandas and Gold Canadian Maple leaf.

They also buy and sell Silver ingots, bars and bullion as well as trading in recognised silver coins.

Gold and Silver Bullion Australia Payment OptionsTo Buy gold from Gold and Silver Bullion Australia is very easy. Gold and Silver Bullion Australia use the current spot gold price and spot silver price as the pricing basis for their gold and silver coins and bars.

When you place an order you come to an agreement on the price and once the price and amount of bullion are agreed upon you are expected to make immediate payment either by:

Cash PaymentPersonal or Bank ChequeElectronic funds transfer. (Always check with your bank as each bank has its own deadline for electronic funds transfers, some quite early in the day)

Once, funds have been cleared into Gold and Silver Bullion Australia's account, then the transaction will be deemed to have been completed and the bullion will be released to the customer.

In the instance of an electronic funds transfer, a confirmation order will be faxed for you to sign and immediately fax back. Once this has been completed, both parties will be "locked into" the transaction.

When the funds have been cleared into their account, they will contact you by phone, fax or email to confirm the delivery address. They will then dispatch the bullion as per the agreed-upon confirmation order.

Selling Bullion to Gold and Silver Bullion AustraliaSelling Bullion to Gold Bullion Australia is easy. You simply call by phone and agree to a price for your gold or silver bullion. Then the price is "locked in" and confirmed with a fax to you which you sign and fax back. You must insure and post your bullion the same day to ensure it is received within 48 hours.

Once the bullion has been received, Gold and Silver Bullion Australia will inspect the bullion as per confirmation order. A phone call, fax or email will be made to confirm their acceptance of your stock. Then, by either a cheque or electronic funds transfer, payment will be made within 24 hours.

Last Word on Gold and Silver Bullion AustraliaIf you have bought any gold or silver bullion from www.goldbullionaustralia.com.au, please feel free to leave your feedback on the quality of service and products including any complaints and special attention or service given by www.goldbullionaustralia.com.au.

Sunday, June 8, 2008

This write up of the Australian Bullion Company explains who the Australian Bullion Company are and what gold and silver products they deal in. It is well worth reading before you buy gold from their website, www.ausbullion.com.au

Note that it is always prudent to do your own due diligence before dealing with any gold dealer, and find out as much about them as possible.

Who are the Australian Bullion CompanyThe Australian Bullion Company are based in the center of Sydney, NSW, Australia and have been operating since 1977.

They sell mostly Australian Coins produced by the Perth and Australian Mints but also do an extensive range of diamond and precious metal Jewellery designed by Director Carol Murray.

There website, www.ausbullion.com.au, has been online since April 2001.

Contact points are the Australian Bullion Company are Jane Simpson and Monika Mooney and are available by phone.

Customer Service at the Australian Bullion CompanyAustralian Bullion Company offer free storage and insurance for clients with precious metal accounts.

You can store your bullion and receive a proof of ownership receipt and it will be insured for replacement value. At 30th June and 31st December each year you receive an updated storage account with the corresponding market spot price for each metal held.

Products of the Australian Bullion CompanyAustralian Bullion Company are primary distributors of the Perth Mint and The Royal Australian Mint Although do deal in other gold and silver coins from time to time.

Here is a list of some of the gold, silver and platinum coins you can buy from the Australian Bullion Company.

How to Buy Gold at the Australian Bullion Company To buy gold or silver from the Australian Bullion Company, you will need to open an account. As is usual these days to do that you will need to provide sufficient proof of identity much as you would when opening a bank account.

A form is provided for this purpose on the website or, if you are in Sydney, NSW, Australia, you can call in at their offices in the City (Downtown) between 10am - 4pm, weekdays, for an up to the minute quote.

The Australian Bullion Company also provides a readily available buy-back service, and prides itself on giving the most competitive prices.

Once your account is opened you can buy or sell either at the offices or by phone. In each case, as soon as your order is placed it becomes a legally binding contract. Same day payment via cash or direct deposit to their accounts is required before delivery of the gold or silver bullion is undertaken.

If you’d like to take delivery of your metal, Australian Bullion Company charge a small barring fee will be charged, depending on the size of the bars.

Australian Bullion Company Payment OptionsAccount holders can simply phone Janie Simpson or Monika Mooney and place an order. It will be held free of charge, until you collect it, or for a small charge, can be shipped to you.

Payment can be by cash, EFTPOS (Electronic Funds Transfer Point of Sale), Visa, MasterCard or Bankcard (+2% fee), or bank or by personal cheque.

Payment is expected to be received on the day of sale. Due to the volatility of the market, Australian Bullion Company do not accept orders through the website.

Last word on the Australian Bullion CompanyAlthough Australian Bullion Company mainly provide Australian gold and silver bullion coins, they also market their own range of jewellery design and promote the corporate concept of innovative and memorable solutions for clients, employees, members, consumers and prizewinners.

They also have an extensive range of diamond and fine jewellery in their catalogue.

If you have bought any gold or silver bullion or even jewellery from www.ausbullion.com.au, please feel free to leave your feedback on the quality of service and products including any www.ausbullion.com.au online complaints and special attention or service given by www.ausbullion.com.au.